Over the last year, property investments in Aldgate, 5154 have given investors a capital gain of -4.66%. This compares very badly with the 3.56% for SA as a whole.
When looking at the potential capital gains offered to property investors over the last 3 years, Aldgate comes in at number 305th in SA.
LACK OF BUYER INTEREST may well be the reason that Aldgate is offering property investors an average of -6.34. This rate of discount on properties puts Suburb at number 266th in terms of most discounted suburbs in SA
At number 1623 in a list of fastest selling suburbs, Aldgate is just in the top half of suburbs in Australia with an average of days on market 71.57 for properties listed there.
Using the current median advertised rental of $550 and the average annual increase in value of a median property of 4.24%, investors should hope to achieve an overall return of 4.14%